Cushman & Wakefield PLC (NYSE:CWK) Receives Consensus Rating of “Moderate Buy” from Analysts

Cushman & Wakefield PLC (NYSE:CWKGet Free Report) has been assigned an average rating of “Moderate Buy” from the ten research firms that are currently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $18.00.

A number of research analysts have recently issued reports on CWK shares. Wall Street Zen downgraded Cushman & Wakefield from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Weiss Ratings raised Cushman & Wakefield from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, June 26th. Finally, The Goldman Sachs Group set a $17.00 target price on Cushman & Wakefield and gave the stock a “buy” rating in a report on Friday, May 22nd.

Check Out Our Latest Stock Report on Cushman & Wakefield

Insider Activity at Cushman & Wakefield

In other news, insider Nathaniel Robinson sold 24,828 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $13.25, for a total transaction of $328,971.00. Following the completion of the sale, the insider owned 70,876 shares of the company’s stock, valued at $939,107. This trade represents a 25.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.74% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd bought a new stake in Cushman & Wakefield in the fourth quarter valued at $32,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of Cushman & Wakefield by 184.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,032 shares of the company’s stock valued at $33,000 after purchasing an additional 1,318 shares during the period. Quarry LP boosted its position in shares of Cushman & Wakefield by 4,473.5% during the 3rd quarter. Quarry LP now owns 2,241 shares of the company’s stock worth $36,000 after purchasing an additional 2,192 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Cushman & Wakefield by 126.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,364 shares of the company’s stock worth $26,000 after purchasing an additional 1,321 shares in the last quarter. Finally, Covestor Ltd grew its stake in shares of Cushman & Wakefield by 4,217.7% in the 4th quarter. Covestor Ltd now owns 2,677 shares of the company’s stock valued at $43,000 after buying an additional 2,615 shares during the period. 95.56% of the stock is owned by institutional investors.

Cushman & Wakefield Trading Down 1.2%

CWK opened at $13.49 on Thursday. Cushman & Wakefield has a twelve month low of $11.56 and a twelve month high of $17.40. The company has a fifty day moving average of $13.22 and a 200-day moving average of $13.70. The stock has a market cap of $3.16 billion, a PE ratio of 42.15 and a beta of 1.44. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.34.

Cushman & Wakefield (NYSE:CWKGet Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. Cushman & Wakefield had a net margin of 0.70% and a return on equity of 15.41%. The business had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the prior year, the firm posted $0.09 earnings per share. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. On average, sell-side analysts predict that Cushman & Wakefield will post 1.45 EPS for the current year.

Cushman & Wakefield Company Profile

(Get Free Report)

Cushman & Wakefield is a leading global commercial real estate services firm headquartered in Chicago. The company provides a wide range of services to occupiers and investors, specializing in transaction management, property management, facilities management and project management. Its clientele spans corporate occupiers, landlords, investors and government entities seeking solutions to optimize their real estate portfolios and operations.

The firm’s core offerings include leasing advisory for office, industrial, retail and multifamily properties, as well as capital markets advice on acquisitions, dispositions and debt and equity placements.

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Analyst Recommendations for Cushman & Wakefield (NYSE:CWK)

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